India Homeland Security Market (2020-2027)

NEW DELHI - Oct. 11, 2020 - PRLog -- Homeland security/ securities are activities and organizations with the purpose of protecting any nation from terrorism, catastrophe, jurisdictional hazards, and Meta hazards. Homeland security offers various solutions for the protection of the public and private assets in a nation from antisocial threats some solutions are detection and monitoring weapon systems, access control systems, modeling and simulations, communication systems, and others. The government of India is taking steps towards this like the "make in India" initiative taken by Prime Minister Shri. Narendra Modi, under which government constitutes 30% of the total spends on security. Therefore companies increasingly interested in India to sell their relative products.

India Homeland Security market is anticipated to grow at a rapid growth rate. India imports around three fourth of the total requirement of Homeland security products. But now, the sector has become attractive from the point of view of investors with increased policy funding and improved economics.

According to Pheonix Market Research, the Indian Homeland Security Market is forecasted to grow at a healthy CAGR of 21.3% during 2020-27. The most important factor propelling the market is Nation's Security from natural and man-made calamities is the biggest force pushing the market. The Homeland Security Framework increases the nation's protection to challenges such as insurgency, illicit trafficking, piracy, natural disasters, and cyber-crime, and many more such insurgencies. The sector is driven largely by policies derived by the Indian National Government related to domestic security issues and terrorist threats have led the state and central government to concentrate on modernizing the security and defense infrastructure. This has contributed to an improvement in the budget allocation for domestic security and other programs such as the National Security Service, the issuance of the Unique Identity (UID) number to all residents of the country, and the creation of the Crime and Criminal Tracking Network and Systems (CCTNS). However, the high price of these goods and the lack of qualified labor force for the operation of these products and services are anticipated to hinder the growth of the household.

Players operating in the India Homeland Security market includes
• Lockheed Martin Corporation
• IBM
• Thales Group
• Unisys
• Harris Technologies, Inc
• L3Harris Technologies, Inc
• Safran SA
• Accenture.
• GE AVIATION
• Booz Allen Hamilton Inc.
• Others